Question: Additional Information 1 Inventory on December 3 1 st was Rs . 2 8 , 0 0 0 2 Dffice supplies on Hand at the

Additional Information
1 Inventory on December 31st was Rs.28,000
2 Dffice supplies on Hand at the end of the year were Rs.2,300
3 Salaries expenses for the year were 165,000
4 Prepaid advertisement at the end of the year were Rs.7,800
52% Bad debts were estimated on net sales
610% Depreciation is to be charged on all fixed Assets
7 Unearned commission at the end of the year was Rs.2,000
You are required to Give adjusting entries, prepare adjusted trial balance, Prepare Income
Statement and Balance sheet, give Closing entries and prepare a Post Closing trial Balance
 Additional Information 1 Inventory on December 31st was Rs.28,000 2 Dffice

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